Indonesia aims to decrease trade deficit

Added On February 10, 2019

 Indonesian President Joko Widodo has said the government aims to decrease the country's trade deficit and boost economic growth in 2019.

Last year, Indonesia's trade deficit reached 8.57 billion U.S. dollars, the biggest in three decades, and missed its target for economic growth.
The country's 5.17 percent growth rate was comparable to other members of the G20, and Widodo called it a good achievement given the world's current sluggish economy.
Meanwhile, Widodo said the government aims to boost exports and reduce imports by producing more goods inside the country.
The government will cut red tape to make it easier to do business, attract more investment, and propel the economy.